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x262 is a free softwarelibrary and application for encoding video streams into the
MPEG-2 compression format,
and is released under the terms of the GNU GPL.
Features Overview
x262 is an MPEG-2 encoder based on the best-in-class features of x264.
It also has the big advantage that the codec is simple enough for people new to video-compression to get involved.
The TODO list can be found here.
Getting x262
Source
The latest x264 source code can always be found by anonymous git repository: